Morning Juice – US Session Prep

Morning, Traders!
It is Thursday the 27th of June, here are some things to look out for today.

Sentiment
US stock futures fell ahead of a slew of economic data that will provide insights into the Federal Reserve’s monetary policy path.
Micron Technology shares fell after a disappointing sales forecast.

Investors are waiting for data on economic growth, weekly unemployment claims, and durable goods orders today before the Fed’s preferred inflation gauge, personal consumption expenditures, is released tomorrow.
The figures come after Fed Governor Michelle Bowman reduced expectations for interest rate cuts this week.

Docket
08:30 ET
US GDP QoQ Q1 Final
Median Forecast: 1.4% | Prior: 1.3% | Range: 1.6% / 1.1%

US Core PCE Prices Q1 Final
Median Forecast: 3.6% | Prior: 3.6% | Range: 3.8% / 3.6%

US Durable Goods May Prelim
Median Forecast: -0.5% | Prior: 0.6% | Range: 0.6% / -3.2%

US Weekly Jobless Claims
Initial Claims – Median Forecast: 235K | Prior: 238K | Range: 246K / 225K
Continued Claims – Median Forecast: 1.828M | Prior: 1.828M | Range: 1.84M / 1.75M

11:30 ET
US sells $80 bln 4-Week Bills

13:00 ET
US sells $44 bln 7-Year Notes

Good luck!